William Rogers Construction Ltd iXBRL

William Rogers Construction Ltd

Abridged Unaudited Financial Statements

for the financial year ended 31 December 2025

William Rogers Construction Ltd

Company Registration Number: NI655462

ABRIDGED BALANCE SHEET

as at 31 December 2025

		2025	2024
	Notes	£	£

Fixed Assets

Tangible assets

1,043,963

630,852

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Current Assets

Stocks

20,000

150,000

Debtors

947,839

258,386

Cash and cash equivalents

2,304,717

3,555,182

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3,272,556

3,963,568

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Creditors: amounts falling due within one year

(1,447,860)

(751,412)

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Net Current Assets

1,824,696

3,212,156

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Total Assets less Current Liabilities

2,868,659

3,843,008

Creditors:

amounts falling due after more than one year

(6,137)

Provisions for liabilities

(72,369)

(95,863)

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Net Assets

2,796,290

3,741,008

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Capital and Reserves

Called up share capital

Other reserves

Retained earnings

2,796,190

3,740,908

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Shareholders' Funds

2,796,290

3,741,008

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The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).

All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.

The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Directors' Report.

For the financial year ended 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Approved by the Board and authorised for issue on 22 July 2026 and signed on its behalf by



________________________________
Damien Rogers
Director

William Rogers Construction Ltd

NOTES TO THE ABRIDGED FINANCIAL STATEMENTS

for the financial year ended 31 December 2025

General Information

William Rogers Construction Ltd is a private company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI655462. The registered office of the company is 237a Kilkeel Road, Annalong, Newry, Co Down, BT34 4TW, Northern Ireland which is also the principal place of business of the company

The financial statements have been presented in Pound Sterling (£) which is also the functional currency of the company.

The financial statements are for the year ended 31 December 2025 for the individual entity William Rogers Construction Ltd.

Summary of Significant Accounting Policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Statement of compliance

The financial statements of the company for the financial year ended 31 December 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. When the outcome of a construction contract can be estimated reliably, contract costs and turnover are recognised by reference to the stage of completion at the balance sheet date. Where the outcome cannot be measured reliably, contract costs are recognised as an expense in the period in which they are incurred and contract turnover is recognised to the extent of costs incurred that it is probable will be recoverable. When it is probable that contract costs will exceed the total contract turnover, the expected loss is recognised as an expense immediately, with a corresponding provision.

Tangible assets and depreciation

Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:

Land and buildings freehold

2% Straight line

Plant and machinery

15% Straight line

Motor vehicles

25% Straight line

The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Stocks

Stocks are valued at the lower of cost and net realisable value. Stocks are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling. Work in Progress is stated at cost which comprises all attributable expenses in bringing the project to its present stage of completion.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the Abridged Balance Sheet bank overdrafts are shown within Creditors.

Provisions

Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Employee benefits

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. Annual contributions payable to the company's pension scheme are charged to the Profit and Loss Account in the period in which they relate.

Taxation and deferred taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements.

Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.

Ordinary share capital

The ordinary share capital of the company is presented as equity.

Employees

The average monthly number of employees, including directors, during the financial year was as follows:

2025

2024

Number

Number

Employees

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4.	Tangible assets
		Land and	Plant and	Motor	Total
		buildings	machinery	vehicles
		freehold
		£	£	£	£
	Cost
	At 1 January 2025	-	946,874	308,674	1,255,548
	Additions	628,308	49,950	165,320	843,578
	Disposals	-	(364,424)	(109,825)	(474,249)
		─────────	─────────	─────────	─────────
	At 31 December 2025	628,308	632,400	364,169	1,624,877
		─────────	─────────	─────────	─────────
	Depreciation
	At 1 January 2025	-	490,711	133,985	624,696
	Charge for the financial year	8,377	137,422	86,395	232,194
	On disposals	-	(214,530)	(61,446)	(275,976)
		─────────	─────────	─────────	─────────
	At 31 December 2025	8,377	413,603	158,934	580,914
		─────────	─────────	─────────	─────────
	Net book value
	At 31 December 2025	619,931	218,797	205,235	1,043,963
		═════════	═════════	═════════	═════════
	At 31 December 2024	-	456,163	174,689	630,852
		═════════	═════════	═════════	═════════

Demerger and distribution in specie

On 31 December 2025, the company completed a structural demerger to separate its private sector trade from its continuing public sector operations. The business, trade and associated assets and liabilities of the private sector division were transferred directly to Enda Rogers Ltd in exchange for 1 share being issued in Enda Rogers Ltd to William Rogers Construction Ltd,

A dividend in specie of £1,456,586 was declared to Enda Rogers Ltd to settle the transfer of these assets. The distribution of £1,456,586 was valued by reference to the historical book value of the net assets transferred and debited directly to Retained Earnings. No gain or loss arose on the disposal within the Profit and Loss account. Following this transaction, the company has ceased its private sector operations.

This transaction constituted an exempt distribution for UK tax purposes and was pre-authorised by HMRC under statutory clearance granted on 21 November 2025.